Lottery and it’s impact on Education

If I had a dollar (and a dream) for the question about “where does the lottery money go for education” I believe we would have the most well funded schools in the nation. That being said, the most recent annual report was issued by the NYS Lottery on the overall operations and within that report (which you can click here to read) you can read for your self what the Lottery takes in in revenue, what the Lottery expenses and the net impact for education aid in New York State.

Here are some numbers to wet your appetite:

Total Lottery Sales and Net Win – $9.23 Billion

Total Aid to Education from Lottery – $3.17 Billion

Total Aid to Education since inception in 1967 – $51.6 Billion

2013-14 provided not only the highest revenue in history but also the highest aid to education.

Still, we struggle with proper funding for education which remains a priority from both sides of the aisle in the Legislature. In the last two years as the economy has started to rebound we have seen a $2 billion increase in state funding for local education topping off at over $23 billion in education funding. Truly one of our top priorities in the state operations and one that we have and remain committed too.

Feel free to share this information as it is important. Yes, Lottery is on the rise and that provides additional education funding which is a proper investment for our future.